Added to YB: 2024-12-17
Pitch date: 2024-12-16
LSAK [bullish]
Lesaka Technologies, Inc.
-0.99%
current return
Author Info
Thomas Niel is a value investor seeking opportunities in micro-cap and nano-cap stocks.
Company Info
Lesaka Technologies, Inc. operates as a Fintech company, provides financial services solutions and software in Southern Africa.
Market Cap
$374.4M
Pitch Price
$5.03
Price Target
10.00 (+101%)
Dividend
N/A
Sector
Financial Services
Category
growth
Lesaka Technologies: Recent News Bolsters The Bull Case
LSAK: Fintech focused on SA digital payments. Q1 rev $145.5M (+6.9% YoY), adj EBITDA $9.4M (+17.5%). Acquiring Recharger for $28.4M at 6x EBITDA. MobiKwik IPO could yield $36.5M-$51M after-tax. Pro forma FY25 EV/EBITDA 8-8.8x vs peer 11.8x. $7-$8 PT (+37-56%). Risks: acquisition execution, SA politics.
Read full article (8 min)